Joint Industry Plan; Notice of Filing of Joint Amendment No. 19 to the Intermarket Option Linkage Plan To Modify the Manner in Which the Participation Fee Applicable to New Participants Is Calculated, 35960-35961 [E6-9854]

Download as PDF 35960 Federal Register / Vol. 71, No. 120 / Thursday, June 22, 2006 / Notices located at the NRC’s PDR, O 1 F21, One White Flint North, 11555 Rockville Pike, Rockville, MD 20852. The PDR reproduction contractor will copy documents for a fee. Dated at King of Prussia, Pennsylvania this 15th day of June, 2006. For the Nuclear Regulatory Commission. Marie Miller, Chief, Decommissioning Branch, Division of Nuclear Materials Safety, Region I. [FR Doc. E6–9850 Filed 6–21–06; 8:45 am] BILLING CODE 7590–01–P Required Interest Rate Assumption for Determining Variable-Rate Premium for Single-Employer Plans; Interest Assumptions for Multiemployer Plan Valuations Following Mass Withdrawal Pension Benefit Guaranty Corporation. AGENCY: Notice of interest rates and assumptions; correction. ACTION: SUMMARY: The Pension Benefit Guaranty Corporation published in the Federal Register of June 15, 2006, a notice informing the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. This document corrects an inadvertent error in that notice. FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Attorney, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005, 202–326–4024. (TTY/TDD users may call the Federal relay service toll-free at 1–800–877–8339 and ask to be connected to 202–326–4024.) The Pension Benefit Guaranty Corporation published a document in the June 15, 2006, Federal Register (71 FR 34645), informing the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. This document corrects an inadvertent error in that notice. In FR Doc. E6–9346, published on June 15, 2006 (70 FR 34645), make the following correction. On page 34646, in the second column, in the last line of the table, remove ‘‘2005’’ and add, in its place, ‘‘2006’’. wwhite on PROD1PC61 with NOTICES VerDate Aug<31>2005 19:08 Jun 21, 2006 Jkt 208001 BILLING CODE 7709–01–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. PENSION BENEFIT GUARANTY CORPORATION SUPPLEMENTARY INFORMATION: Issued in Washington, DC, on this 19th day of June 2006. Vincent K. Snowbarger, Acting Executive Director, Pension Benefit Guaranty Corporation. [FR Doc. E6–9881 Filed 6–21–06; 8:45 am] Extension: Rule 6c–7; SEC File No. 270–269; OMB Control No. 3235–0276. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (the ‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit these existing collections of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Rule 6c–7 (17 CFR 270.6c–7) under the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.) (‘‘1940 Act’’) provides exemption from certain provisions of sections 22(e) and 27 of the 1940 Act for registered separate accounts offering variable annuity contracts to certain employees of Texas institutions of higher education participating in the Texas Optional Retirement Program. There are approximately 80 registrants governed by Rule 6c–7. The burden of compliance with Rule 6c–7, in connection with the registrants obtaining from a purchaser, prior to or at the time of purchase, a signed document acknowledging the restrictions on redeemability imposed by Texas law, is estimated to be approximately 3 minutes of professional time per response for each of approximately 2600 purchasers annually (at an estimated $70 per hour), for a total annual burden of 130 hours (at a total annual cost of $9,100). The estimate of average burden hours is made solely for the purposes of the Paperwork Reduction Act, and is not derived from a comprehensive or even a representative survey or study of the costs of Commission rules or forms. The Commission does not include in the estimate of average burden hours the time preparing registration statements and sales literature disclosure regarding PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 the restrictions on redeemability imposed by Texas law. The estimate of burden hours for completing the relevant registration statements are reported on the separate PRA submissions for those statements. (See the separate PRA submissions for Form N–3 (17 CFR 274.11b) and Form N–4 (17 CFR 274.11c). The Commission requests written comments on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Please direct your written comments to R. Corey Both, Director/Chief Information Officer, Securities and Exchange Commission, C/O Shirley Martinson 6432 General Green Way, Alexandria, Virginia 22312; or send an e-mail to: PRA_Mailbox@sec.gov. Dated: June 15, 2006. Nancy M. Morris, Secretary. [FR Doc. E6–9833 Filed 6–21–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54001; File No. 4–429] Joint Industry Plan; Notice of Filing of Joint Amendment No. 19 to the Intermarket Option Linkage Plan To Modify the Manner in Which the Participation Fee Applicable to New Participants Is Calculated June 15, 2006. Pursuant to section 11A of the Securities Exchange Act of 1934 (the ‘‘Act’’) 1 and Rule 608 thereunder,2 notice is hereby given that on February 17, 2006, March 16, 2006, April 12, 2006, April 18, 2006, May 2, 2006, and May 22, 2006, International Securities Exchange, Inc. (‘‘ISE’’), Philadelphia Stock Exchange, Inc. (‘‘Phlx’’), Chicago Board Options Exchange, Incorporated 1 15 2 17 E:\FR\FM\22JNN1.SGM U.S.C. 78k–1. CFR 242.608. 22JNN1 Federal Register / Vol. 71, No. 120 / Thursday, June 22, 2006 / Notices (‘‘CBOE’’), Boston Stock Exchange, Inc. (‘‘BSE’’), American Stock Exchange LLC (‘‘Amex’’), and NYSE Arca, Inc. (‘‘NYSE Arca’’) (collectively, ‘‘Participants’’) respectively submitted to the Securities and Exchange Commission (‘‘Commission’’) Joint Amendment No. 19 to the Plan for the Purpose of Creating and Operating an Intermarket Option Linkage (the ‘‘Linkage Plan’’).3 The Joint Amendment proposes to modify the manner in which the participation fee applicable to new Participants is calculated.4 The Commission is publishing this notice to solicit comments from interested persons on the proposed Joint Amendment to the Linkage Plan. I. Description and Purpose of the Amendment The purpose of the Joint Amendment is to modify the manner in which the participation fee applicable to new Participants is calculated. The participation fee is determined by the Participants and is assessed in connection with an Eligible Exchange 5 becoming a new Participant. The Joint Amendment provides that in determining the amount of the participation fee, the Participants shall consider one or both of the following: (i) The portion of costs previously paid by the Participants for the development, expansion, and maintenance of Linkage 6 facilities which, under generally accepted accounting principles, could have been treated as capital expenditures and, if so treated, would have been amortized over the five years preceding the admission of the new Participant (and for this purpose all such capital expenditures shall be deemed to have a five-year amortizable life); and (ii) previous participation fees paid by other new Participants. These standards are consistent with the participation fee standards contained in the Consolidated Tape Plan (‘‘CTA Plan’’).7 Further, the Participants would no longer be wwhite on PROD1PC61 with NOTICES 3 On July 28, 2000, the Commission approved a national market system plan for the purpose of creating and operating an intermarket options market linkage proposed by the Amex, CBOE, and ISE. See Securities Exchange Act Release No. 43086 (July 28, 2000), 65 FR 48023 (August 4, 2000). Subsequently, upon separate requests by the Phlx, Pacific Exchange, Inc. (n/k/a NYSE Arca, Inc.), and BSE, the Commission issued orders to permit these exchanges to participate in the Linkage Plan. See Securities Exchange Act Release Nos. 43573 (November 16, 2000), 65 FR 70851 (November 28, 2000); 43574 (November 16, 2000), 65 FR 70850 (November 28, 2000); and 49198 (February 5, 2004), 69 FR 7029 (February 12, 2004). 4 See Section 11(b) of the Linkage Plan. 5 See Section 2(6) of the Linkage Plan. 6 See Section 2(14) of the Linkage Plan. 7 See Section III(c)(2) of the CTA Plan. VerDate Aug<31>2005 19:08 Jun 21, 2006 Jkt 208001 required to calculate the participation fee at least once a year. Instead, the participation fee would be calculated at the time an Eligible Exchange seeks to become a Participant. II. Implementation of the Plan Amendment The Participants intend to make the proposed Joint Amendment to the Linkage Plan reflected in this filing effective when the Commission approves the Joint Amendment. III. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed Joint Amendment to the Linkage Plan is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/sro.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number 4–429 on the subject line. Paper Comments • Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, Station Place, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number 4–429. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (http://www.sec.gov/rules/ sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed Joint Amendment that are filed with the Commission, and all written communications relating to the proposed Joint Amendment between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for inspection and copying in the Commission’s Public Reference Room. Copies of such filing also will be available for inspection and copying at the principal offices of the Amex, BSE, CBOE, ISE, NYSE Arca, and Phlx. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 35961 you wish to make available publicly. All submissions should refer to File Number 4–429 and should be submitted on or before July 13, 2006. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.8 Nancy M. Morris, Secretary. [FR Doc. E6–9854 Filed 6–21–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54000; File No. SR-CBOE– 2006–41] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change and Amendment No. 1 Thereto To Amend Obsolete, Outdated and/or Unnecessary Rules June 15, 2006. Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 notice is hereby given that on April 21, 2006, the Chicago Board Options Exchange, Incorporated (‘‘CBOE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II and III below, which Items have been prepared principally by the CBOE. On June 15, 2006, the Exchange filed Amendment No. 1 to the proposed rule change.3 The Exchange filed this proposal as a ‘‘noncontroversial’’ proposed rule change pursuant to section 19(b)(3)(A) of the Act,4 and Rule 19b–4(f)(6) thereunder,5 which renders the proposal effective upon filing with the Commission.6 The Commission is publishing this notice to solicit comments on the proposed rule 8 17 CFR 200.30–3(a)(29). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 In Amendment No. 1, the Exchange made certain clarifying changes regarding the purposes for the proposed changes. For purposes of calculating the 60-day period within which the Commission may summarily abrogate the proposed rule change the Commission considers the period to commence on June 15, 2006, the date on which the Exchange filed Amendment No. 1. See 15 U.S.C. 78s(b)(3)(C). 4 15 U.S.C. 78s(b)(3)(A). 5 17 CFR 240.19b–4(f)(6). 6 As required by Rule 19b–4(f)(6)(iii), 17 CFR 240.19b–4(f)(6)(iii), the CBOE submitted written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing. 1 15 E:\FR\FM\22JNN1.SGM 22JNN1

Agencies

[Federal Register Volume 71, Number 120 (Thursday, June 22, 2006)]
[Notices]
[Pages 35960-35961]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9854]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54001; File No. 4-429]


Joint Industry Plan; Notice of Filing of Joint Amendment No. 19 
to the Intermarket Option Linkage Plan To Modify the Manner in Which 
the Participation Fee Applicable to New Participants Is Calculated

June 15, 2006.
    Pursuant to section 11A of the Securities Exchange Act of 1934 (the 
``Act'') \1\ and Rule 608 thereunder,\2\ notice is hereby given that on 
February 17, 2006, March 16, 2006, April 12, 2006, April 18, 2006, May 
2, 2006, and May 22, 2006, International Securities Exchange, Inc. 
(``ISE''), Philadelphia Stock Exchange, Inc. (``Phlx''), Chicago Board 
Options Exchange, Incorporated

[[Page 35961]]

(``CBOE''), Boston Stock Exchange, Inc. (``BSE''), American Stock 
Exchange LLC (``Amex''), and NYSE Arca, Inc. (``NYSE Arca'') 
(collectively, ``Participants'') respectively submitted to the 
Securities and Exchange Commission (``Commission'') Joint Amendment No. 
19 to the Plan for the Purpose of Creating and Operating an Intermarket 
Option Linkage (the ``Linkage Plan'').\3\ The Joint Amendment proposes 
to modify the manner in which the participation fee applicable to new 
Participants is calculated.\4\ The Commission is publishing this notice 
to solicit comments from interested persons on the proposed Joint 
Amendment to the Linkage Plan.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78k-1.
    \2\ 17 CFR 242.608.
    \3\ On July 28, 2000, the Commission approved a national market 
system plan for the purpose of creating and operating an intermarket 
options market linkage proposed by the Amex, CBOE, and ISE. See 
Securities Exchange Act Release No. 43086 (July 28, 2000), 65 FR 
48023 (August 4, 2000). Subsequently, upon separate requests by the 
Phlx, Pacific Exchange, Inc. (n/k/a NYSE Arca, Inc.), and BSE, the 
Commission issued orders to permit these exchanges to participate in 
the Linkage Plan. See Securities Exchange Act Release Nos. 43573 
(November 16, 2000), 65 FR 70851 (November 28, 2000); 43574 
(November 16, 2000), 65 FR 70850 (November 28, 2000); and 49198 
(February 5, 2004), 69 FR 7029 (February 12, 2004).
    \4\ See Section 11(b) of the Linkage Plan.
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I. Description and Purpose of the Amendment

    The purpose of the Joint Amendment is to modify the manner in which 
the participation fee applicable to new Participants is calculated. The 
participation fee is determined by the Participants and is assessed in 
connection with an Eligible Exchange \5\ becoming a new Participant. 
The Joint Amendment provides that in determining the amount of the 
participation fee, the Participants shall consider one or both of the 
following: (i) The portion of costs previously paid by the Participants 
for the development, expansion, and maintenance of Linkage \6\ 
facilities which, under generally accepted accounting principles, could 
have been treated as capital expenditures and, if so treated, would 
have been amortized over the five years preceding the admission of the 
new Participant (and for this purpose all such capital expenditures 
shall be deemed to have a five-year amortizable life); and (ii) 
previous participation fees paid by other new Participants. These 
standards are consistent with the participation fee standards contained 
in the Consolidated Tape Plan (``CTA Plan'').\7\ Further, the 
Participants would no longer be required to calculate the participation 
fee at least once a year. Instead, the participation fee would be 
calculated at the time an Eligible Exchange seeks to become a 
Participant.
---------------------------------------------------------------------------

    \5\ See Section 2(6) of the Linkage Plan.
    \6\ See Section 2(14) of the Linkage Plan.
    \7\ See Section III(c)(2) of the CTA Plan.
---------------------------------------------------------------------------

II. Implementation of the Plan Amendment

    The Participants intend to make the proposed Joint Amendment to the 
Linkage Plan reflected in this filing effective when the Commission 
approves the Joint Amendment.

III. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed 
Joint Amendment to the Linkage Plan is consistent with the Act. 
Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://
www.sec.gov/rules/sro.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number 4-429 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris, 
Secretary, Securities and Exchange Commission, Station Place, 100 F 
Street, NE., Washington, DC 20549-1090.

All submissions should refer to File Number 4-429. This file number 
should be included on the subject line if e-mail is used. To help the 
Commission process and review your comments more efficiently, please 
use only one method. The Commission will post all comments on the 
Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). 
Copies of the submission, all subsequent amendments, all written 
statements with respect to the proposed Joint Amendment that are filed 
with the Commission, and all written communications relating to the 
proposed Joint Amendment between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for inspection and 
copying in the Commission's Public Reference Room. Copies of such 
filing also will be available for inspection and copying at the 
principal offices of the Amex, BSE, CBOE, ISE, NYSE Arca, and Phlx. All 
comments received will be posted without change; the Commission does 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly. All 
submissions should refer to File Number 4-429 and should be submitted 
on or before July 13, 2006. For the Commission, by the Division of 
Market Regulation, pursuant to delegated authority.\8\
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(29).

Nancy M. Morris,
Secretary.
[FR Doc. E6-9854 Filed 6-21-06; 8:45 am]
BILLING CODE 8010-01-P